Calgary, Alberta—On March 26, 2020, the Real Estate Council of Alberta (RECA) suspended the real estate licence of Warren Constantine Phipps. Mr. Phipps is not authorized to trade in real estate.

RECA determined it is in the public interest to temporarily suspend Mr. Phipps. Allegations against Mr. Phipps include:

• failing to:
  • keep complete and accurate financial records relating to money received and held in trust
  • disburse funds according to the terms of trust
  • cooperate with a person conducting an investigation
  • prepare bank reconciliations
• acting dishonestly
• making intentional, misleading representations
• participating in fraudulent or unlawful activities

Mr. Phipps’ licence will remain suspended until current proceedings, under Part 3 of the Real Estate Act concerning his conduct, are concluded.

Mr. Phipps was most recently registered as a real estate broker with Mountain Park Real Estate Ltd.

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